Business Blog

An estimated 17,000 people a year will have their accounts raided for unpaid tax under new rules, according to the UK tax authority.

UK supermarket chain Sainsbury's reports a 16.3% rise in annual pre-tax profit to £898m for the year to 15 March.

French engineering group Alstom, which is currently embroiled in a takeover battle for its power business, reports a drop in full year profits.

Most businesses outside Scotland want the nation to remain in the UK, according to a survey by the British Chambers of Commerce.

HSBC profits have dropped 20% in the first quarter after a drop in revenues at HSBC's investment bank and last year's figures being boosted by asset sales.

ITV buys an 80% stake in US reality TV producer Leftfield Entertainment, the firm behind shows such as the Real Housewives of New Jersey.